SRIT acquires OSI from Agilent
Sobha Renaissance Information Technology, (SRIT) a global IT solution provider, on Monday announced the successful completion of its acquisition of Objective Systems Integrators (OSI) from Agilent Technologies.
By PTI |
BANGALORE: Sobha Renaissance Information Technology, (SRIT) a global IT solution provider, on Monday announced the successful completion of its acquisition of Objective Systems Integrators (OSI) from Agilent Technologies.
The acquisition includes seamless transfer of about 120 Agilent staff members spread across the United States, Taiwan, Thailand, Malaysia, Singapore, France, Spain, Australia, New Zealand, Canada and India.
This completes the second successful acquisition by SRIT in telecom within a one year period. It acquired Billing Components AG, Germany, a Telecoms Business Support Systems (BSS) product and solutions company mid-2006, a release said.
On April 11, 2007, SRIT had announced signing of a definitive agreement to acquire OSI and the NETeXPERT product suite from Agilent Technologies.
The acquisition progressed in conformance with the timelines specified and has drawn to a successful closure.
OSI is now a wholly owned subsidiary of SRIT, developing integrated systems, requiring multi-protocol, cross-platform and cross-domain functionality, using their flagship product NETeXPERT. With the closure of this divestiture, SRIT now services over 150 telecom companies and service providers.
As per the newly released business plan, the company expects to grow its telecom revenue to USD 150 million by 2010-11 financial years, it added.
The acquisition includes seamless transfer of about 120 Agilent staff members spread across the United States, Taiwan, Thailand, Malaysia, Singapore, France, Spain, Australia, New Zealand, Canada and India.
This completes the second successful acquisition by SRIT in telecom within a one year period. It acquired Billing Components AG, Germany, a Telecoms Business Support Systems (BSS) product and solutions company mid-2006, a release said.
On April 11, 2007, SRIT had announced signing of a definitive agreement to acquire OSI and the NETeXPERT product suite from Agilent Technologies.
The acquisition progressed in conformance with the timelines specified and has drawn to a successful closure.
OSI is now a wholly owned subsidiary of SRIT, developing integrated systems, requiring multi-protocol, cross-platform and cross-domain functionality, using their flagship product NETeXPERT. With the closure of this divestiture, SRIT now services over 150 telecom companies and service providers.
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As per the newly released business plan, the company expects to grow its telecom revenue to USD 150 million by 2010-11 financial years, it added.
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